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Sep 30, 2012
09/12
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>> yes, i think that, again, i'm going it defend ben bernan bernanke. >> a shock. >> every time you say something-- >> i criticize him a lot. >> neil: i've never heard it. >> printing money and is necessary to prevent us from-- >> so you're worried and he's the only guy in the line of defense? >> you think there's somebody else? >> and mr. payne? is charlie going to bank on-- >> i'm sorry, i'm on to mr. payne. >> the ceo's-- the problem and they point specifically to the administration and listen, if you think this first, this war on success, this war on business is bad right now, a second term in my mind will be devastating because i sincerely believe the administration is going to have after profits generated overseas before they're brought back and reach over and take those profits and put them into infrastructure bank and i think there notion of taxing and the notion that the publicly traded companies that their property belongs to the public domain, of course the ceo's, every one of them have to be frightened. you've got 38 jars out there. the epa running amok. the national labor r
>> yes, i think that, again, i'm going it defend ben bernan bernanke. >> a shock. >> every time you say something-- >> i criticize him a lot. >> neil: i've never heard it. >> printing money and is necessary to prevent us from-- >> so you're worried and he's the only guy in the line of defense? >> you think there's somebody else? >> and mr. payne? is charlie going to bank on-- >> i'm sorry, i'm on to mr. payne. >> the ceo's-- the...
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you saider ben bernanke. right. national bureau of economic research they have been slow to call recessions. 1970 downturn they waited eight to nine months to call recession. just this past recession they called it in september 2010, about a year after it had ended. that is the issue here. when will the officials come out and say we're in a recession? we don't know whether we are but sure feels like one that we're close to a double-dip, if not just flat-lining right now given that business confidence has taken a hit. we saw the business round table come out and say look, our confidence is a three-year low for business executives. ashley: yep. >> is it just a fiscal cliff or is it more? that is what we're trying to get to the bottom of. federal reserve district the report slowing down economic activity in a number of regions including philadelphia and kansas city. ashley: plenty to chew on. emac, thank you very much. tracy: we need replacement refs? ashley: there you go. tracy: viewers cutting too deep for their own
you saider ben bernanke. right. national bureau of economic research they have been slow to call recessions. 1970 downturn they waited eight to nine months to call recession. just this past recession they called it in september 2010, about a year after it had ended. that is the issue here. when will the officials come out and say we're in a recession? we don't know whether we are but sure feels like one that we're close to a double-dip, if not just flat-lining right now given that business...
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Sep 28, 2012
09/12
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FBC
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thank you, fed chair ben bernanke is the way that concludes. >> basically what you have is an incredible tug-of-war. need to read the cover -- recovery has been very slow and it's going to slow down even more. the first down quarter earnings. number two, news is around this. it is just awful. the market goes up. people in your business have to find reasons to why the market went up. the market goes up because two-thirds of the trading had nothing to do with anything. lou: and the timeliness of those trades. >> no difference. high-frequency trading. lou: well, it gives us a substantial amount. >> pretty much balance and the tug-of-war is on the other side you have been bernanke who is a 1-trick pony who says, the way to deal with this problem is to continue to stimulate. he has now put the pedal to the floor because it has not worked, and he is going to continue to do the same thing. lou: amongst the many reasons that folks watching this broadcast have tried to discern what is happening with our political economy as best we can gather from the facts, evidence, and some serious hunches fro
thank you, fed chair ben bernanke is the way that concludes. >> basically what you have is an incredible tug-of-war. need to read the cover -- recovery has been very slow and it's going to slow down even more. the first down quarter earnings. number two, news is around this. it is just awful. the market goes up. people in your business have to find reasons to why the market went up. the market goes up because two-thirds of the trading had nothing to do with anything. lou: and the...
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today investors will here from federal reserve chairman ben bernanke. he'll discuss the fed's new stimulus program. stocks fell after the fed official said the plan will not create jobs. today medicare starts changing the way it does business. the agency will begin fining hospitals that has too many patients return within 40 days because of complication. it could affect 2,200 facilities and the average fine would be about $125,000. and an auction featuring the most famous outlaws in history raked in more than a million dollars. bonnie and clyde went down in a hail of gunfire, bonnie parker had a .38 taped to her thigh. yesterday the guns were auctioned off to the same bidder for a total of $524,000. wh >> ashley morrison here in new york. up next your monday morning weather and in sports a bizarre pre-game collision knocks down redskin starters and knocks them out of the game against the bucs. ♪ [ dog barking ] ♪ [ female announcer ] life is full of little tests, but your basic paper towel can handle them. especially if that towel is bounty basic. t
today investors will here from federal reserve chairman ben bernanke. he'll discuss the fed's new stimulus program. stocks fell after the fed official said the plan will not create jobs. today medicare starts changing the way it does business. the agency will begin fining hospitals that has too many patients return within 40 days because of complication. it could affect 2,200 facilities and the average fine would be about $125,000. and an auction featuring the most famous outlaws in history...
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Oct 1, 2012
10/12
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CNBC
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this republican ben bernanke who preceded obama recognizes one very visible thing, the obstruction that's going on in congress renders the fiscal policy -- and you recognize that there's outright obstruction going on in congress that stops any fiscal policy, what are you going to do? >> what policy? >> it's the only tool left. >> i talk to republicans all the time. i'm a reporter, they're really thinking of this as a political issue. this is a stimulus pae f obama and obama and the a republicans should be embracing this. >> romney has said that he opposes this -- romney has also said that he will not reappoint ben bernanke. there's not a lot of sympathy for bernanke inside that campaign or the gop, that interests me a lot. i'm asking a difficult question, i don't think there's a direct -- i'm not saying that bernanke is deliberately doing qe-3, because probably it won't work in the next six weeks anyway. >> it hasn't worked up until now. >> the federal reserve is like the supreme court, it's now controlled by left wing democrats. >> here's what i think, this is buy this is so important. b
this republican ben bernanke who preceded obama recognizes one very visible thing, the obstruction that's going on in congress renders the fiscal policy -- and you recognize that there's outright obstruction going on in congress that stops any fiscal policy, what are you going to do? >> what policy? >> it's the only tool left. >> i talk to republicans all the time. i'm a reporter, they're really thinking of this as a political issue. this is a stimulus pae f obama and obama...
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Oct 1, 2012
10/12
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MSNBCW
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fed chair ben bernanke's latest take on the economy will also get a lot of attention when minutes from the federal reserve's latest policy meeting are released. september auto sales are also on tap. some experts predict sales are up nearly 11% over last year. >>> meanwhile, according to aaa, the price of regular gas is down about five cents in the past week to an average $3.81 a gallon. >>> overseas this morning, uncertainty about spain's bailout weighed down asian stocks. thousands filled spain's capital this weekend to protest sweeping budget cuts and austerity measures included in a 2013 draft budget. >>> elsewhere, on the heels of apple's flawed debut of its new mapping app, nokia and oracle customers will have access to nokia's data and location services. >> hewlett-packard is set to roll out a new tablet device today that will work with microsoft's new windows 8 operating system. the elite pad 900 comes at a time when, according to new research, half of all adult americans now own either a tablet computer or a smart phone. >>> and finally, who says that crime doesn't pay? two gun
fed chair ben bernanke's latest take on the economy will also get a lot of attention when minutes from the federal reserve's latest policy meeting are released. september auto sales are also on tap. some experts predict sales are up nearly 11% over last year. >>> meanwhile, according to aaa, the price of regular gas is down about five cents in the past week to an average $3.81 a gallon. >>> overseas this morning, uncertainty about spain's bailout weighed down asian stocks....
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Sep 29, 2012
09/12
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. >> you worked closely with ben bernanke. what kind of a job do you think ben bernanke has done? >> i think ben, like everyone in the crisis has done what he thinks is right and i think he was heroic during the crisis. i worry now, though, that he's continuing these very accommodating monetary policies which have, i think, tremendous risk and there's just no evidence that they do much good for our domestic economy. >> so you don't like qe3? >> i think it's a very bad idea. inflation risk and the incentives to take risks are significant. >> former fdic chairman sheila bair. >>> we'll be right back. when it comes to getting my family to eat breakfast, i need all the help i can get. i tell them, "come straight to the table." i say, "it's breakfast time, not playtime." "there's fruit, milk and i'm putting a little nutella on your whole-wheat toast." funny, that last part gets through. [ male announcer ] serving nutella is quick and easy. its great taste comes from a unique combination of simple ingredients like hazelnuts, skim milk and a hint of cocoa. okay, plates in the sink, grab
. >> you worked closely with ben bernanke. what kind of a job do you think ben bernanke has done? >> i think ben, like everyone in the crisis has done what he thinks is right and i think he was heroic during the crisis. i worry now, though, that he's continuing these very accommodating monetary policies which have, i think, tremendous risk and there's just no evidence that they do much good for our domestic economy. >> so you don't like qe3? >> i think it's a very bad...
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one possible reason, ben bernanke. the fed chairman defended his money printing ways today but he also said congress must do more to ss ace the recovery. >>> american express will pay more than $112 million. regulators allege that amex misled customers about debt collected, discriminated against certain card applicants and charged improper late fees. are we in a recession right here, right now? our own peter barnes asked fed chief ben bernanke today and he sort of made a joke of the whole thing. >> i know how it happens. it sort of happens over a nice meal at a french restaurant and -- [laughter] there is a discussion of the data and everybody says, what do you think? yeah, okay. melissa: that is his explanation for how the official committee decide whether or not we're in a recession. he didn't really answer the question it turns out. we get one piece of good news like the manufacturing expanding for the first time in four months. we still have a laundry list of bad numbers. unemployment still above 8%. second quarter
one possible reason, ben bernanke. the fed chairman defended his money printing ways today but he also said congress must do more to ss ace the recovery. >>> american express will pay more than $112 million. regulators allege that amex misled customers about debt collected, discriminated against certain card applicants and charged improper late fees. are we in a recession right here, right now? our own peter barnes asked fed chief ben bernanke today and he sort of made a joke of the...
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Sep 25, 2012
09/12
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FBC
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his boss, ben bernanke, saying, things are really ugly. i have the numbers. i think that probably we should do something now because it is serious. lou: always put that away. whether it is serious the fact of the matter is this housing market looks like it is offering some support. but when you look at the broader , macro economic reality you have to question even whether this is an illusion. i think -- >> it is not inconsistent to look at the housing market. going down so low for so long with interest rates so low. people have to live somewhere. iran has moved up. housing may have bottomed out. it does not mean we will have a bull market in housing. having said that, the economic numbers you talked about when you are reporting, can amount to a caterpillar, they have the world view. intel came up. lou: fedex. >> fedex. the company's i listened to, of washington. they say come made a good. i was in china last week. it a good over there. lou: of course moving overseas. china where there is every suggestion, one of the newest from china, is there a sense that th
his boss, ben bernanke, saying, things are really ugly. i have the numbers. i think that probably we should do something now because it is serious. lou: always put that away. whether it is serious the fact of the matter is this housing market looks like it is offering some support. but when you look at the broader , macro economic reality you have to question even whether this is an illusion. i think -- >> it is not inconsistent to look at the housing market. going down so low for so long...
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our fed, ben bernanke is obviously all-in. tepid super conservative bank of japan two weeks ago pumped a couple million dollars in their own market. bank of japan was out of the game until couple weeks ago. taking your money out of here is probably good idea is taking pictures of lindsay lohan in her hotel room at 6:00 in the morning. melissa: i like that joke. >> that is bad idea to do. melissa: if you're contrarian investor and see the individual investor get out in droves. a lot of time that is sign market is going up. i hate to say that, that is how sophisticated investors think, right? >> i agree. the typical plight of the individual investor is buy high and sell low. when you see people pouring money, like consumer confidence, melissa. when consumer confidence is low that's when you want to buy stuff because it will rebound. when it is high you totally sell. i think you take this information as a good sign for the market believe it or not going into what typically is good quarter and good period of time for equities here
our fed, ben bernanke is obviously all-in. tepid super conservative bank of japan two weeks ago pumped a couple million dollars in their own market. bank of japan was out of the game until couple weeks ago. taking your money out of here is probably good idea is taking pictures of lindsay lohan in her hotel room at 6:00 in the morning. melissa: i like that joke. >> that is bad idea to do. melissa: if you're contrarian investor and see the individual investor get out in droves. a lot of...
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lou: stock market closing out a terrific third quarter as ben bernanke's easy money policies make investors feel good. we take that up with lou, neant money line, stocks finishing lower on the day, but posting the third best quarter since 2010. the dow jones industrial's dropping 49 points. s&p is down six and a half, and nasdaq down 20, but still well off the lows of the day. dragging the market today, consumer spending, up just half a percent, increase because of higher gasoline prices. oversea, bank of spain releasing an audit showing seven of the countries failed stress tests despite anxiety about the eurozone. the big three indexes up 44% for the quarter. a federal judge today delivering a blow to the future trading commission and its effort to implement portions of the dodd-frank financial reform law. the judge rejected regulations that would have capped the amount of positions a trader can hold and the size of that position in various commodities. the chairman of the cftc says he's disappointed by the ruling and the agency is looking for new ways to get their way. well, my next guest
lou: stock market closing out a terrific third quarter as ben bernanke's easy money policies make investors feel good. we take that up with lou, neant money line, stocks finishing lower on the day, but posting the third best quarter since 2010. the dow jones industrial's dropping 49 points. s&p is down six and a half, and nasdaq down 20, but still well off the lows of the day. dragging the market today, consumer spending, up just half a percent, increase because of higher gasoline prices....
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all right we get it now even ben bernanke the fed with all of his tools the fed can't compensate for this fiasco. is a fiscal cliff is an address as i have said i don't think our tools are strong enough to offset the effects of major fiscal shock. so we have to think about what to do in that in that contingency. well we just hope that dr bernanke keeps thinking because we think he and his cohorts have done enough with their tools already so if they won't try to offset the impact then that's fantastic in our view but what exactly is entailed in the fiscal cliff anyway what here is a very simple definition except expiration of the bush era tax cuts as well as numerous other temporary tax cuts credits and deductions and acted by obama and this is coupled with major cuts in spending now this will hit in january of two thousand and thirteen and according to some it could push the u.s. back into recession now that's a simple version but as you can see by exhibit a this lovely chart compiled by the committee for a responsible federal budget there are homes of other tax increases and spendin
all right we get it now even ben bernanke the fed with all of his tools the fed can't compensate for this fiasco. is a fiscal cliff is an address as i have said i don't think our tools are strong enough to offset the effects of major fiscal shock. so we have to think about what to do in that in that contingency. well we just hope that dr bernanke keeps thinking because we think he and his cohorts have done enough with their tools already so if they won't try to offset the impact then that's...
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and federal reserve chairman ben bernanke defended fed's policies for the first time since launching qe3, saying that fed needs to drive down borrowing costs because the economy is not growing fast enough to reduce high unemployment. surely there is a left in which employment can be created. >> there will belay offs at lockheed-martin in the beginning of the year, but they will not warn the employees of impeding li offs as it is legally retired to today, obama labor department told lockheed they do not need to abide by the law. telling lockheed it will cover potential legal costs if they incur any benpality, obama administration. clearly does not want those layoff notices delivered just days before the election. >> president obama downplaying expectations for wednesday's debate. saying he is an okay debater, according to a new washington post abc news poll, 55 percent of likely voters think that president will win this first debate, and 41% think that romney will win. joining me now, ed klein, author of "new york times" best seller "the amateur." great to see you, this is cute, the d
and federal reserve chairman ben bernanke defended fed's policies for the first time since launching qe3, saying that fed needs to drive down borrowing costs because the economy is not growing fast enough to reduce high unemployment. surely there is a left in which employment can be created. >> there will belay offs at lockheed-martin in the beginning of the year, but they will not warn the employees of impeding li offs as it is legally retired to today, obama labor department told...
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Sep 27, 2012
09/12
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FBC
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ben bernanke trying to create the wealth effect. everybody feels more wealthy because the asset prices are going up, that helps the economy come around. by the same token if you look to the democratic side of things, if you look at the other guys, now we have to expand government and that will get the economy turning. i found that odd both of those are being played together at the exact same time right now. stuart: see you again soon. according to new polls for president obama has a big lead in the female vote over mitt romney. in ohio the president leads romney 60-35 among women. now obama deputy campaign manager says women don't care about the president's record. listen to this. >> they're not really concerned about what is happening over the last four years. stuart: congresswoman joins us now. it is very hard to get around or explain the enormous lead president obama seems to have among women voters. i put it to you they're going to be president because they're getting bought on that issue. tell me i am wrong. >> i do think you'r
ben bernanke trying to create the wealth effect. everybody feels more wealthy because the asset prices are going up, that helps the economy come around. by the same token if you look to the democratic side of things, if you look at the other guys, now we have to expand government and that will get the economy turning. i found that odd both of those are being played together at the exact same time right now. stuart: see you again soon. according to new polls for president obama has a big lead in...
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Sep 30, 2012
09/12
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FBC
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. >> the money printing that ben bernanke has done. >> supporting the treasury and borrowing by obama. what romney understands, david, and president obama is clueless about, there's a big difference between tax credits and tax rates. cutting tax rates gives you incentive to invest in plant and equipment which then allows you to hire people, because you're going to get to keep an extra amount of money on each dollar of profit you make. cutting tax credits does not hurt incentive, because tax credits are temporary and does not encourage investment. >> steve, i want to keep it on the simplification, because that's success i can identify with. i haven't my own taxes in a long time. the reason is, because it's just too complex. i'm not a small business. if i was a small business, i'd have to do devote hundreds of hours of time, a lot of money, to figuring the thing out. >> that's right. the irs has figured out, david, that last year we spent 6.5 billion hours filling out tax forms, the equivalent of 2 1/2 million full-time jobs. it cost the economy $300 billion a year. huge waste of brain
. >> the money printing that ben bernanke has done. >> supporting the treasury and borrowing by obama. what romney understands, david, and president obama is clueless about, there's a big difference between tax credits and tax rates. cutting tax rates gives you incentive to invest in plant and equipment which then allows you to hire people, because you're going to get to keep an extra amount of money on each dollar of profit you make. cutting tax credits does not hurt incentive,...
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Sep 26, 2012
09/12
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and you've got ben bernanke printing money. you know, i don't think that -- i think we got a little frothy on some of these commodity prices. look for them to form a bottom here and to start getting a bid. i think gold is going to start rallying here shortly along with soy, wheat and probably beef and pork. david: i tend to agree with you on gold anyway because the cb doesn't seem to be slowing down, and whether we like it or not, the fed's going to be printing money -- >> right. >> as long as we're getting free money from bernanke, i like to joke, gold's going to rally. i'm looking for $1800 an ounce relatively soon. but, you know, i think the real interesting thing is the s&p. we've got spain falling apart, and secession talk, and we've only managed to sell off around 2%? david: right, right. >> um, i think that's the real story here. we tested 1430, held. i'm looking for a rally, a relief rally tomorrow and a test of 1450 by the end of the week. david: all right. there's definitely going to be -- >> this is your opportunity
and you've got ben bernanke printing money. you know, i don't think that -- i think we got a little frothy on some of these commodity prices. look for them to form a bottom here and to start getting a bid. i think gold is going to start rallying here shortly along with soy, wheat and probably beef and pork. david: i tend to agree with you on gold anyway because the cb doesn't seem to be slowing down, and whether we like it or not, the fed's going to be printing money -- >> right. >>...
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ben bernanke speaking today -- >> very good to be here. >> thank you. gerri: the federal reserve chairman speaking today and said we are not in a recession. it is not likely we will be in recession. very optimistic. very beat. are you? >> no. i think we are probably losing momentum if we are not in a recession we are close to. the big problem is at the end of the year if we have not done something about the fiscal cliff we are going to be in recession very definitely. the rest of the world is slowing down as well. so certainlthe momentum is not good. whether the growth nber for the fourth quarter is a half a percent or three-quartersof% or zero it will feel pretty much the same. we will be close enough to recession to put some real pressure on the lame-duck congress to do something about that fiscal clef. gerri: motors recent in a poll, 60 percent of them said the u.s. is in a recession. at some pint it ecomes self reinforcing from the people who could take us out of this we don't want to spend because they don't have confidence. >> sure. up until septe
ben bernanke speaking today -- >> very good to be here. >> thank you. gerri: the federal reserve chairman speaking today and said we are not in a recession. it is not likely we will be in recession. very optimistic. very beat. are you? >> no. i think we are probably losing momentum if we are not in a recession we are close to. the big problem is at the end of the year if we have not done something about the fiscal cliff we are going to be in recession very definitely. the rest...
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Oct 1, 2012
10/12
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WBAL
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fed chair ben bernanke's latest take on the economy will also get a lot of attention when minutes from the federal reserve's latest policy meeting are released. september auto sales are also on tap. some experts predict sales are up nearly 11% over last year. >>> meanwhile, according to aaa, the price of regular gas is down about five cents in the past week to an average $3.81 a gallon. >>> overseas this morning, uncertainty about spain's bailout weighed down asian stocks. thousands filled spain's capital this weekend to protest sweeping budget cuts and austerity measures included in a 2013 draft budget. >>> elsewhere, on the heals of apple's debut of the flawed apple app, oracle customers sl l have access to nokia's services. >>> hewlitt packard is set to roll out a new device that will work with microsoft's new windows 8 operating system. the elite pad 900 comes at a time when, according to new research, half of all adult americans now own either a tablet computer or a smart phone. >>> and finally, who says that crime doesn't pay? two guns that belonged to famed partners in crime bon
fed chair ben bernanke's latest take on the economy will also get a lot of attention when minutes from the federal reserve's latest policy meeting are released. september auto sales are also on tap. some experts predict sales are up nearly 11% over last year. >>> meanwhile, according to aaa, the price of regular gas is down about five cents in the past week to an average $3.81 a gallon. >>> overseas this morning, uncertainty about spain's bailout weighed down asian stocks....
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Oct 1, 2012
10/12
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KTVU
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. >> stocks are higher and ben bernanke defended the u.s. central bank and monetary policy as it aims to show unemployment. nasdaq is down 8 and s&p 500 is up 2. >>> macy's' has made an announcement that could make this a happy holiday season for people looking for work. they are looking to hire 80,000 seasonal workers and it's a 2. 5% increase than last year. they are using bloomingdale. most of them will be part-time. stores begin to typically higher in october. >>> yahoo's ceo has a new job, mom. mom and baby has been announced and no name has been picked yet. she announced she was pregnant as she took over in july and she said she was just planning to take a few works weeks off -- a few work weeks off in september. >> how did you find this place... >> the movie was number one in box office numbers it was one of the strong get box office win. they had trouble with the curve and they rack up the sign. it will be stripped down and given a new coat of paint. it will take 10 weeks to complete and today on ktvu channel 2 morning news at 50/50,
. >> stocks are higher and ben bernanke defended the u.s. central bank and monetary policy as it aims to show unemployment. nasdaq is down 8 and s&p 500 is up 2. >>> macy's' has made an announcement that could make this a happy holiday season for people looking for work. they are looking to hire 80,000 seasonal workers and it's a 2. 5% increase than last year. they are using bloomingdale. most of them will be part-time. stores begin to typically higher in october....
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Oct 2, 2012
10/12
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WBAL
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ben bernanke will keep record low interest rates to spark the economy even after if regains momentum. >>> analysts say winter shopping will rise 4.1% this year. that's slightly lower than predictions for the last two years. >>> jpmorgan chase is the first target of the justice department investigation into the financial crisis. a civil lawsuit alleges bear stearns carried out billions of dollars in mortgage-backed securities fraud. >>> american express has agreed to pay $112.5 million to settle federal charges of illegal late fees. >>> the multi-billion dollar fraud carried out by bernard madoff began as far back as the early 1970s. this is according to a rewritten indictment bringing four charges against four long time employees. >>> a trader joe's peanut butter recall has spread to chains including whole foods, target and stop and shop. >>> honda is recalling 600,000 accords that may have a faulty power steering hose that can leak fluid and cause a fire. >>> congratulations to yahoo's marissa mayer. the new ceo and her husband welcomed their first child, a baby boy. >>> and in seatt
ben bernanke will keep record low interest rates to spark the economy even after if regains momentum. >>> analysts say winter shopping will rise 4.1% this year. that's slightly lower than predictions for the last two years. >>> jpmorgan chase is the first target of the justice department investigation into the financial crisis. a civil lawsuit alleges bear stearns carried out billions of dollars in mortgage-backed securities fraud. >>> american express has agreed to...
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Sep 27, 2012
09/12
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CNBC
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. >>> then agree to disagree with ben bernanke. james bullard with us saying the central bank's latest stimulus program may have been a mistake. he'll explain next. >>> plus, spending twice your annual income sounds like financial suicide, right? what if i told you that's exactly what many of the lower earnings of america are doing now? stay with us. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime... tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 trade at charles schwab for $8.95 a trade. tdd#: 1-800-345-2550 open an account and trade up to tdd#: 1-800-345-2550 6 months commission-free online equity trading tdd
. >>> then agree to disagree with ben bernanke. james bullard with us saying the central bank's latest stimulus program may have been a mistake. he'll explain next. >>> plus, spending twice your annual income sounds like financial suicide, right? what if i told you that's exactly what many of the lower earnings of america are doing now? stay with us. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge...
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it's not widely understood, but that money that ben bernanke has been printing has been used to buy that debt and that's pushed treasury prices way up, bubble level. it is a bubble. what happens when it bursts? it will eventually. pretty soon people who lend it will say you can't pay it back and then you have killed the dollar. and the interest rates goes straight up and the economy goes straight down and ben will be unable to print out of trouble because it was printing that got us into the mess in the first place, i do not have a solution, only the conviction that we're indeed in another bubble and i don't know exactly how it will shake out. i don't know which investment will do well eventually, but i do know that this bubble will burst and when that happens, there will be a river of tears. so anyway, i've been to a lot of places. you know, i've helped a lot of people save a lot of money. but today...( sfx: loud noise of large metal object hitting the ground) things have been a little strange. (sfx: sound of piano smashing) roadrunner: meep meep. meep meep? (sfx: loud thud sound) what
it's not widely understood, but that money that ben bernanke has been printing has been used to buy that debt and that's pushed treasury prices way up, bubble level. it is a bubble. what happens when it bursts? it will eventually. pretty soon people who lend it will say you can't pay it back and then you have killed the dollar. and the interest rates goes straight up and the economy goes straight down and ben will be unable to print out of trouble because it was printing that got us into the...
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Sep 29, 2012
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. >> you worked closely with ben bernanke. what kind of a job do you think ben bernanke has done? >> i think ben, like everyone in the crisis has done what he thinks is right and i think he was heroic during the crisis. i worry now, though, that he's continuing these very accommodating monetary policies which have, i think, tremendous risk and there's just no evidence that they do much good for our domestic economy. >> so you don't like qe3? >> i think it's a very bad idea. inflation risk and the incentives to take risks are significant. >> former fdic chairman sheila bair. >>> we'll be right back. when it comes to getting my family to eat breakfast, i need all the help i can get. i tell them, "come straight to the table." i say, "it's breakfast time, not playtime." "there's fruit, milk and i'm putting a little nutella on your whole-wheat toast." funny, that last part gets through. [ male announcer ] serving nutella is quick and easy. its great taste comes from a unique combination of simple ingredients like hazelnuts, skim milk and a hint of cocoa. okay, plates in the sink, grab
. >> you worked closely with ben bernanke. what kind of a job do you think ben bernanke has done? >> i think ben, like everyone in the crisis has done what he thinks is right and i think he was heroic during the crisis. i worry now, though, that he's continuing these very accommodating monetary policies which have, i think, tremendous risk and there's just no evidence that they do much good for our domestic economy. >> so you don't like qe3? >> i think it's a very bad...
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Oct 1, 2012
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today we get numbers on manufacturing and construction spending and fed chairman ben bernanke speaks this afternoon. the dow falling 48 points on friday, the nasdaq losing 20 points. if president obama is re-elected one of his first priorities may be to find a replacement for treasury secretary tim geithner. geithner has hinted more than a year he wants to leave. the "wall street journal" reports chief of staff jack lu and erskine bowles are top candidates. bowles co-chaired the white house deficit commission in 2010. back to you. >> okay, thank you very much. we'll check back a little later on. >>> first day of october going to feel like july. >> it's not going to feel good. it is not going to feel good at all. >> in the pool. >> yeah, in the pool if you can jump into the ocean, it's actually going to be refreshing today. you're getting some pretty warm temperatures out there in the pacific, if you have the luxury of not having to go to work. if you do have to go to work, you want to get right to the shady spot before the other guy does because it's going to be hot out there or just
today we get numbers on manufacturing and construction spending and fed chairman ben bernanke speaks this afternoon. the dow falling 48 points on friday, the nasdaq losing 20 points. if president obama is re-elected one of his first priorities may be to find a replacement for treasury secretary tim geithner. geithner has hinted more than a year he wants to leave. the "wall street journal" reports chief of staff jack lu and erskine bowles are top candidates. bowles co-chaired the white...
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Oct 2, 2012
10/12
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fed chief ben bernanke renewed the central bank's pledge to keep record low interest rates to spur the economy, even after it regains momentum. >>> analysts say winter holiday shopping will rise 4.1% this year. that's slightly lower than predictions for the past two years. >>> jpmorgan chase is the first target of a justice department investigation into the financial crisis. a civil lawsuit alleges bear stearns, bought by jpmorgan in a fire sale, carried out billions of dollars in mortgage-backed securities fraud. >>> american express has agreed to pay $112.5 million to settle federal charges of illegal late fees. >>> the multibillion-dollar fraud carried out by bernard madoff began as far back as the early 1970s. that's according to a rewritten indictment bringing new charges against four longtime madoff employees. >>> a trader joe's peanut butter recall linked to cases of salmonella has now spread to nut butter recalls at multiple national chains including whole foods, target and stop 'n shop. >>> honda is recalling 3,000 accords. >>> congratulations to yahoo!'s marissa mamaier. the
fed chief ben bernanke renewed the central bank's pledge to keep record low interest rates to spur the economy, even after it regains momentum. >>> analysts say winter holiday shopping will rise 4.1% this year. that's slightly lower than predictions for the past two years. >>> jpmorgan chase is the first target of a justice department investigation into the financial crisis. a civil lawsuit alleges bear stearns, bought by jpmorgan in a fire sale, carried out billions of...
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Oct 3, 2012
10/12
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romney has said ben bernanke should be fired. are you advising that ben bernanke should get fired? >> i don't get into personnel issues. i would say on quoting different rules i think quantitative easing has not been helpful. i think we had good monetary policy in the '80s and '90s until recently. that is what we want to do. that is what the romney program is all about. >> john, i'm curious. there is a lot of talk about the evans rule and it is not quite the same as the taylor rule but it seems to go a way towards some of the things you have talked about in the past predominantly this idea of having more of a check on possible bubbles because i know you have been a big critic. what do you make of the evans rule and if it could be successful in tamping down that activity in the future? >> it is such an open ended policy. the kind of policy i like is what we had in much of the '80s and '90s. that really worked well. we had strong growth. look at that stock market. it was incredibly good. that is the policy we need. i call it rules based. it is a specific kind of rules, not just open
romney has said ben bernanke should be fired. are you advising that ben bernanke should get fired? >> i don't get into personnel issues. i would say on quoting different rules i think quantitative easing has not been helpful. i think we had good monetary policy in the '80s and '90s until recently. that is what we want to do. that is what the romney program is all about. >> john, i'm curious. there is a lot of talk about the evans rule and it is not quite the same as the taylor rule...
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bernanke speaking about the fed's new stimulus measures. >>> european markets are mixed this morning. the dow rising 78 points in yesterday's trade and the nasdaq slipping about two points to close at 3113. >>> and google has come a long way from its humble beginnings as a tiny search engine. it's now passed microsoft to become the world's second most valuable tech company behind apple. google stock closed at an all-time high of $761 a share on monday. it's now the dominant force in online advertising with two-thirds of the u.s. search market. google's android powers 64% of all smartphones. a u.s. judge has lifted a pan on galaxy tablet. apple won the suit. the judge said it didn't infringe on any apple devices. like the galaxy tab is an older model, it could boost samsung sales ahead of the holidays. something to watch out for. back to you. >> seema, thank you very much. >>> certainly keeping our eye on the forecast. christina, you weren't kidding, it was hot yesterday. >> smokesmoker. >> hottest day of the year at the coast. >> isn't it something, it's october. >> if our weather wa
bernanke speaking about the fed's new stimulus measures. >>> european markets are mixed this morning. the dow rising 78 points in yesterday's trade and the nasdaq slipping about two points to close at 3113. >>> and google has come a long way from its humble beginnings as a tiny search engine. it's now passed microsoft to become the world's second most valuable tech company behind apple. google stock closed at an all-time high of $761 a share on monday. it's now the dominant...